The listing follows the raising of $5 million through a fully underwritten initial public offering (IPO) of 25 million shares at $0.20 per share.
With 12 percent Fairfax Media is the second largest shareholder in the company, with one of REI's non-executive director being Antony Catalano, CEO of Domain Group.
The REI Group provides online products and services to property investors to assist in the identification, analysis, acquisition, tracking and accounting of residential investment property.
Customers pay through paid subscription.
REI Group owns and operates the websites www.realestateinvestar.com.au and www.realestateinvestar.co.nz.
The company's Board includes chairman Simon Baker (former CEO and managing director of REA Group and chairman of the Mitula Group). Simon Baker is also the company's largest shareholder.
Baker said he believes the ASX listing will provide the foundation for the next phase of our expansion.